Financial innovations as a tool of acceleration of the turnover of goods and services

Abstract

The steady growth of demand for means of circulation and payment is one of the features of the modern economy. In the conditions of high rates of technological development there are possibilities of use of new forms of money on electronic carriers. But in the course of the evolution of money the general laws of the functioning of the monetary mechanism are preserved. Among the most important of them there is the flexibility of the money supply, i.e. its ability to change as the phases of the economic cycle change.